>> Auto-parts retailer Pep Boys promoted George Babich Jr. to president and chief financial officer… Babich was executive vice president and CFO… Company chairman Mitchell Leibovitz had served as president since 1986… In new role, Babich, 50, will be more involved in nonfinancial areas… “George has done an extraordinary job as our executive vice president and CFO,” says Leibovitz. “He played a key role in our highly successful profit enhancement plan, and will increase his involvement in our nonfinancial areas. In addition to pursuing strategic opportunities, the expansion of George’s responsibility will enable me to devote the lion’s share of my time to increase sales.” Pep Boys operates 628 stores in 36 states and Puerto Rico… Along with vehicle repair and maintenance services, the company also serves the commercial auto-parts delivery market…

>> John Paprocki is back at Analysts International Corp., Minneapolis-based diversified IT services company… Paprocki served as company’s vice president of finance, treasurer, and CFO from 1981 to 1987… Then, left company… During past 15 years has worked at a number of public, private companies… Paprocki rejoining Analysts International to fill position that has remained open since 1999 retirement of previous CFO… Paprocki graduated from Marquette University in 1973 with accounting degree and earned MBA from University of Wisconsin in Milwaukee in 1979… In late February, Analysts International CEO and company founder Frederick Lang retired… He was replaced by president and COO Michael LaVelle…

For year ended December 31, 2001, Analysts International posted a net loss of $3 million, up from $2.6 million debit recorded in prior year… Cash EPS on a diluted basis was 10 cents, compared with 38 cents for same 12-month period year prior… Revenues were $552 million, down slightly from 2000…

>> Managers at independent power producer Calpine Corp. promoted Robert Kelly to chief financial officer… The San Jose, Calif.-based company has been struggling with liquidity problems during the past few months… Kelly was previously president of Calpine Finance Co., where he helped obtain $1.6 billion secured credit facility earlier this month… He will succeed Ann Curtis, who was named vice chairman of the company… Kelly will also continue in role as president of Calpine Finance Co.… Calpine management also appointed Eric Pryor as deputy chief financial officer and chief risk officer… Earlier this week, S&P cut Calpine’s corporate credit rating, which was already below investment grade… Calpine has been hurt by sharp drop in electricity prices linked to an economic recession and the fallout from the collapse of Enron… On Friday, Calpine management said it would restate 2001 earnings after learning certain emission reduction credits (ERCs) it purchased in 2001 were not available… “The company is aggressively pursuing recovery of this loss and has filed a civil suit against the ERC broker,” noted Calpine…

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